Texas Telephone Solicitation Bond (also referred to as a Texas Telemarketing Bond) is a surety bond required by the State of Texas to protect customers from fraudulent or deceptive business practices by telemarketers who make calls to Texas consumers. The bond guarantees that telemarketers will comply with all applicable laws and regulations, including the Texas Occupations Code, Texas Finance Code, and the Texas Deceptive Trade Practices Act. The bond also ensures that telemarketers will not misrepresent services, goods, or products and will not violate any state or federal law or regulation pertaining to the telemarketing industry. There are two types of Texas Telephone Solicitation Bond: a $50,000 bond for businesses with fewer than five employees, and a $100,000 bond for businesses with five or more employees.
Texas Telephone Solicitation Bond
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By posting a Texas continuous bond of seller, the principal (retailer) agrees to pay all sales tax on items sold. Sellers and retailers required to obtain this bond include: persons making sales at auctions of tangible personal property. persons who make more than two sales during a 12-month period.
The Texas Department of Insurance requires insurance agencies to post $25,000 surety bonds to qualify for an insurance agency license. Surety bonds for Texas insurance agencies are issued instantly and cost just $250. Select your term information to buy your bond via our secure bond checkout.
How to Get a Surety Bond Find the bond requirements in your state for your specific business or industry. Confirm the bond coverage amount needed. Contact a surety company that's licensed to sell bonds in your state. Provide the business details and financial information needed for your quote. Receive your bond quote.
Bond costs are generally 1-10% of the full bond amount that's required of you in Texas. So, for example, if you need a $10,000 bond, your costs could be anywhere between $100 - $1,000.
Texas title bond costs start at $100. The exact cost will vary depending on the surety bond amount required by the Texas Department of Motor Vehicles. Bond amounts up to $6,000 cost just $100. Bond amounts from $6,001 to $25,000 cost $15 for every $1,000 of coverage, starting at $100.
Texas Surety Bond Costs "How much will my surety bond cost?" is one of the most common questions. Bond costs are generally 1-10% of the full bond amount that's required of you in Texas. So, for example, if you need a $10,000 bond, your costs could be anywhere between $100 - $1,000.
The Texas Surety Bond Process Determine which type of surety bond your business needs to apply for. Find a surety company or surety bond broker that offers that type of bond and apply for a surety bond quote. The surety may ask you for some basic information about your personal and financial history.
General contractor license Texas Providing proof of education or experience. Passing a Texas contractor license exam. Completing and submitting a Texas contractor license application. Paying a license application fee. Obtaining a Texas contractor license bond. Getting liability and/or workers' compensation insurance.